Acquisitions and Investments
API Group Completes Acquisition of Elevated Facility Services Group
Minnesota-headquartered APi Group Corp. on June 5 announced the completion of its previously announced acquisition of Tampa, Florida-headquartered Elevated Facility Services Group for approximately US$570 million from a fund managed...
Del Monte Capital Invests in Integrity Elevator Solutions
Del Monte Capital, a private equity firm specializing in growth-oriented, lower middle-market companies, has announced its growth investment in Integrity Elevator Solutions (IES). IES has become a leading independent provider...
California’s Total Access Elevator Partners With PE Firm
Total Access Elevator, Inc., Southern California's largest independent commercial elevator modernization, maintenance and repair provider, has partnered with Century Park Capital Partners, a private-equity (PE) firm based in El Segundo,...
KONE Acquires Australia’s Orbitz Elevators
KONE will acquire the service business of Gold Coast-headquartered Orbitz Elevators in Australia and all lines of the company’s businesses in New Zealand for an undisclosed sum, Business News Australia...
Baltimore-Based Monumental Supply Changes Hands
Monumental Supply Co. Inc., a Baltimore, Maryland-based business specializing in the distribution of products including a range of elevator supplies in Baltimore, the Mid-Atlantic and the East Coast areas, has...
Jensten To Acquire Lift and Escalator Specialist Broker
Huntington-headquartered Jensten, a fast-growing U.K. insurance broker, on April 24 announced its intention to acquire lift and escalator specialist broker Robert Gerrard & Co Ltd, based in London. Subject to...
IES Acquires Louisiana-Based Stratos Elevator
Integrity Elevator Solutions (IES), an elevator maintenance, repair and modernization provider serving Texas, Oklahoma and Louisiana, has acquired Stratos Elevator, Inc., a leading independent unionized company in the Baton Rouge,...
APi Group Acquires Elevated Facility Services Group
APi Group Corp., headquartered in New Brighton, Minnesota, announced it has entered into a definitive agreement to acquire Tampa, Florida-based Elevated Facility Services Group, a provider of contractually based services...
ESI Acquires New Orleans-Based Bounds Elevator
Elevator Service LLC (ESI) has acquired Bounds Elevator, an independent service provider in the New Orleans market, from its owner and founder Tim Bounds. This investment marks ESI's seventh add-on...
Assa Abloy Sells French Elevator Maintenance Business to KONE
Assa Abloy has sold its PACA Ascenseurs elevator maintenance division in France to KONE, Assa Abloy announced on February 2. The Swedish door and lock company that provides automated entrance...
